Re: Short Sell Future For 29/1/2010
1) SOLD 1 CONTRACT OF uco bank 2 month contract @ 57.25 sltp TRIGGERED 59.95 BOOKED LOSS OF RS.2.70X5000/- = 13,500/- EXCLUSIVE OF TRANSACTION COST
3) SOLD 1 CONTRACT OF federal bank 1 month @251.95 sltp TRIGGERED @254 BOOKED LOSS OF RS.2.05X4850 = 9942.50
4 )SOLD 1 CONTRACT OF cesc 2 months @ 389.32 sltp DID NOT TRIGGERED @ 396.59 SQUARED OFF AT THE END OF THE DAY @389.85 BOOKED LOSS OF RS.0.53X1100= 553/- EXCLUSIVE OF TRANSACTION COST
5) sell gtoffshore 1 month @ 412.58 sltp SQUARED OFF @401 BOOKED PROFIT OF RS.11.58X1000= 11580 EXCLUSIVE OF TRANSACTION COST
NET PROFIT / LOSS = 11580 - (13500+9942.50+553) =12415.50
EXCLUSIVE OF TRANSACTION COST
SINCE SHORTS INITIATED ON BANK FUTURE BASED ON TECHNICALS BUT MARKET SENTIMENT AND CREDIT POLICY WAS POSITIVE TOWARDS THE SECTOR SO LESSON LEARNT IS AVOID SECTOROAL TRANSACTIONS MAINLY ON THE DAYS OF POLICY ANNOUNCMENTS SINCE MARKET CAN TILT EITHER WAY ON THESE DAYS.
future short sell for 29/1/2010
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1 ) sell uco bank 2 month contract @ 57.25 sltp @59.95 target @53
2 ) sell gtl infra 1 month contract
3 ) sell federal bank 1 month @251.95 sltp @254 target @ 244
4 ) sell cesc 2 months @ 389.32 sltp @ 396.59 target @372.72
5 sell gtoffshore 1 month @ 412.58 sltp @ 418.36 target @401
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1 ) sell uco bank 2 month contract @ 57.25 sltp @59.95 target @53
2 ) sell gtl infra 1 month contract
3 ) sell federal bank 1 month @251.95 sltp @254 target @ 244
4 ) sell cesc 2 months @ 389.32 sltp @ 396.59 target @372.72
5 sell gtoffshore 1 month @ 412.58 sltp @ 418.36 target @401
1) SOLD 1 CONTRACT OF uco bank 2 month contract @ 57.25 sltp TRIGGERED 59.95 BOOKED LOSS OF RS.2.70X5000/- = 13,500/- EXCLUSIVE OF TRANSACTION COST
3) SOLD 1 CONTRACT OF federal bank 1 month @251.95 sltp TRIGGERED @254 BOOKED LOSS OF RS.2.05X4850 = 9942.50
4 )SOLD 1 CONTRACT OF cesc 2 months @ 389.32 sltp DID NOT TRIGGERED @ 396.59 SQUARED OFF AT THE END OF THE DAY @389.85 BOOKED LOSS OF RS.0.53X1100= 553/- EXCLUSIVE OF TRANSACTION COST
5) sell gtoffshore 1 month @ 412.58 sltp SQUARED OFF @401 BOOKED PROFIT OF RS.11.58X1000= 11580 EXCLUSIVE OF TRANSACTION COST
NET PROFIT / LOSS = 11580 - (13500+9942.50+553) =12415.50
EXCLUSIVE OF TRANSACTION COST
SINCE SHORTS INITIATED ON BANK FUTURE BASED ON TECHNICALS BUT MARKET SENTIMENT AND CREDIT POLICY WAS POSITIVE TOWARDS THE SECTOR SO LESSON LEARNT IS AVOID SECTOROAL TRANSACTIONS MAINLY ON THE DAYS OF POLICY ANNOUNCMENTS SINCE MARKET CAN TILT EITHER WAY ON THESE DAYS.